IG Group posts higher profit
19th Jul 2011 07:35
IG Group's full year results have come in a shade ahead of expectations, with the spread-betting company continuing to bag new clients in spite of tough economic conditions. In the year to 30 May, adjusted pre-tax profits came in £163m, up by 3.4% from the previous year, ahead of IG's previous pred
Read moreTuesday Preview: IG Group, Land Securities
18th Jul 2011 15:07
Investors will be keen to see if spread-better IG Group's prediction that full year profits up by 3% from the previous year comes true. However, predictions for the future could be more interesting. Collins Stewart thinks the company will reduce its forecasts for the next two financial years due to
Read moreFriday tips round-up: IG Group, Pan African Resources, JD Sports...
10th Jun 2011 06:41
IG Group announced a management rejig and the closure of its sport-betting business yesterday along with its end-of-year trading statement. The moves signal a welcome decision to concentrate on the spread-betting company's core financial business and to expand it in new markets and make use of new t
Read moreLondon close: FTSE 100 rallies despite retail gloom
9th Jun 2011 16:31
Shares rallied in the afternoon after a good start on Wall Street where stocks won back some recent losses. Engineer Weir Group was the highest riser after its earnings estimates were lifted by RBC Capital Markets. There have also been reports today that two companies in China have been given fine
Read moreLondon midday: FTSE 100 unchanged despite retail slump
9th Jun 2011 12:14
Retailers are heavily under the cosh today after a raft of gloomy updates, but the top share index is little changed as investors await US jobs data due later in the afternoon. Ongoing difficulties at the catalogue-based retailer Argos continue to plague its owner Home Retail Group, which has annou
Read moreLondon open: Retailers slide as sales decline
9th Jun 2011 08:21
Retailers are posting hefty losses after a raft of updates but a rally in mining stocks is helping to cushion the blow. In the FTSE 100, Marks & Spencer and B&Q owner Kingfisher are among the heaviest fallers, while South American copper miner Antofagasta rallies after declining on the back of the
Read moreLondon pre-open: Stocks to slip after retail updates
9th Jun 2011 07:44
Stocks are expected to fall back slightly as investors digest a raft of cautious-to-gloomy updates from the retail sector. Continuing difficulties at the catalogue-based retailer Argos continue to plague its owner Home Retail Group, which has announced an 8.1% fall in sales at the chain to £817m in
Read moreIG's full-year revenues grow 7%
9th Jun 2011 07:24
Spreadbetting firm IG Group expects trading revenue for the year ended 31 May to be 7% ahead of last year, as strong growth in Europe and Singapore offset a weakening performance in Japan. Revenue should come in at £320m, the group said, compared with £298.6m the year before, helped by a record mon
Read moreIG enjoying the surge in market volatility
10th Mar 2011 08:13
A growth in client numbers at spread betting titan IG Group pushed third quarter revenues higher. Group revenue in the three months to end-February rose to around £76m from £69m in the corresponding period a year earlier, despite the group seeing only a fractional increase in revenue per client.
Read moreFTSE 250 movers: BTG and IG Group on the decline
28th Jan 2011 15:56
BTG is on of the heaviest fallers despite yesterday's announcement that the speciality pharmaceuticals developer expects its recurring revenues will grow by £5m following the Biocompatibles acquisition. IG Group is following suit after the its was reported yesterday that the spreadbet firm has one
Read moreIG Group latest to receive FSA compensation bill
27th Jan 2011 13:24
Spreadbet firm IG Group has one month to pay £4m into the Financial Services Compensation Scheme to help refund retail investors who lost money they had in firms that collapsed last year. The invoice is in addition to the £1m provisioned for and, although the company is certainly able to afford it,
Read moreWednesday tips round-up: Burberry, Pearson, Chemring...
19th Jan 2011 06:40
The extraordinary rise of Burberry, since the brand was reinvented and rescued from chavdom, appears to be accelerating. Like-for-like sales in the first half of the financial year were 9% ahead; in the third quarter, including Christmas, they were up 14%. The shares, below six quid at the start of
Read moreLondon close: Shares buoyant as updates impress
18th Jan 2011 16:42
The top share index closed near its highs, helped in part by well-received company updates. Burberry was in fashion after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for the luxury goods group, with revenue up by 30% and profits now set to hit the top
Read moreFTSE 250 movers: Taylor Wimpey at 8-month high
18th Jan 2011 15:42
Taylor Wimpey has hit an eight-month high after the housebuilder today confirmed it is in the early stages of evaluating a number of approaches for its North American business. "We will update the market as appropriate in due course and there is no guarantee that any transaction will be concluded,
Read moreLondon afternoon: Gains get trimmed
18th Jan 2011 14:35
Share prices came off the boil over the lunch time session though Footsie remains firmly in the red, as things continue to look rosier in the eurozone. Burberry is in fashion after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for the luxury goods group
Read more